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The board of Warner Bros Discovery (WBD) has urged its shareholders to reject an amended hostile bid by Paramount Skydance while maintaining its unanimous support for a rival offer by Netflix. A letter to investors said the updated $108.4bn all-cash offer from Paramount, for the whole business, involved an “extraordinary amount of debt financing” that…
The owner of Waterstones is close to hiring bankers to work on a multibillion-pound listing of the transatlantic bookseller. Sky News has learnt that Elliott Management is preparing to appoint Rothschild to act as an independent adviser on its flotation options, with a public market debut likely to take place as soon as the second…
Every month we interview top chefs from around the UK, hearing about their cheap food hacks, views on the industry and more. This week, we speak to Great British Menu winner, Michelin-starred chef and restaurateur Tommy Banks. When I was growing up my mum and dad ran a bed and breakfast… It did mean that…
Donald Trump has announced Venezuela’s interim government will be “turning over” between 30 and 50 million barrels of “high quality” oil to the US. The oil – worth upwards of $2bn (Β£1.48bn) – will be taken by storage ships and brought directly to US unloading docks, the president said on Truth Social. It will be…
The private equity firm Advent International is spearheading a multibillion-euro takeover bid for InPost, the owner of British parcel delivery firm Yodel. Sky News has learnt that Advent, which is a minority investor in InPost after taking it public in Amsterdam in 2021, is part of a consortium looking to acquire the company. Banking sources…
Every week, our Money blog team answers your financial problems or consumer disputes – you can email yours to moneyblog@sky.uk. Today’s problem is… My sister would like to get broadband/WiFi where she lives. She is 69 and receives a state pension, but has no other form of income. She also gets housing benefit, soon to…
The retailers Claire’s and The Original Factory Shop (TOFS) are on the brink of collapse, putting more than 2,000 jobs at risk in a bleak start to the new year for the British high street. Sky News has learnt that the two chains are understood to be filing notices of intention to appoint administrators just…
The winning bidder for one of the country’s last remaining oil refineries has said it does not plan to restart fuel production at the site and cannot guarantee how many jobs will be retained. It was announced on Monday that Phillips 66, which already owns the Humber Refinery in north-east Lincolnshire, had agreed a deal…
The advisory firm which oversaw a controversial costs purge at Manchester United Football Club is being sold to the owner of Burger King’s British operations in a deal worth more than Β£800m. Sky News has learnt that Bridgepoint, the London-listed buyout firm, has agreed to buy a controlling stake in Interpath Advisory. A deal could…
The private equity firm which has backed Time Out and Britain’s next tilt at the Americas Cup has landed a Β£1bn-plus deal to buy a fast-growing player in the global finance industry. Sky News has learnt that Oakley Capital has agreed to buy a majority stake in Global Loan Agency Service (GLAS), which specialises in…